#United States #Southfield #Lear Corporation #StoneShield Engineering #E-Systems

Lear Corporation Enhances Its E-Systems with StoneShield Acquisition

In a strategic move to bolster its automation capabilities, Lear Corporation, a prominent name in the automotive technology sector, has announced the acquisition of StoneShield Engineering. This Portuguese company, known for its innovative automation solutions targeted specifically at the wire harness industry, will play a key role in advancing Lear's production efficiency.

Background of StoneShield Engineering

Founded in 2017, StoneShield Engineering is a privately held system integrator based in Castelo Branco, Portugal. The company specializes in creating and implementing automation technologies that significantly enhance the wire harness manufacturing process. Their expertise extends to robotics, automated taping applications, and the assembly of high-voltage harnesses, making them a valuable asset for Lear's operations.

Strategic Importance of the Acquisition

Ray Scott, President and CEO of Lear Corporation, emphasized the importance of integrating StoneShield's capabilities within Lear's E-Systems business. He stated, "By utilizing StoneShield's expertise, we will accelerate the automation of our production processes throughout our E-Systems business. We will also develop new advanced technologies for our wire harness production, further improving our efficiency and operational excellence."

This acquisition aligns with Lear's IDEA strategy, which stands for Innovative, Digital, Engineered, and Automated by Lear. By leveraging advanced technologies and fostering innovation, the company aims to enhance its operational practices and overall efficiency.

Building a Comprehensive Automation Portfolio

The purchase of StoneShield is not an isolated effort. It is part of Lear's broader strategy of integrating various acquisitions that include WIP Industrial Automation, ASI Automation, Thagora Technology SRL, and InTouch Automation. Each of these companies contributes to a robust and comprehensive portfolio of automation solutions, positioning Lear at the forefront of next-generation automotive manufacturing technologies.

By bringing together these advanced capabilities, Lear Corporation is not only enhancing its production processes but also solidifying its status as a leader in automotive technology innovation.

About Lear Corporation

Lear Corporation, headquartered in Southfield, Michigan, operates globally with a diverse team of talented employees across 38 countries. The company is committed to innovation, operational excellence, and sustainability, aiming to deliver superior in-vehicle experiences to consumers worldwide. Lear serves every major automaker and ranks 174 on the Fortune 500, showcasing its significant impact in the automotive industry.

As Lear Corporation continues to grow and innovate, the acquisition of StoneShield Engineering marks another step toward making every drive better, by ensuring safer, smarter, and more comfortable journeys for drivers and passengers alike.